#SANDUSDT Profit Analysis Update ( 37% Down from our TA#SANDUSDT Profit Analysis Update:
NYSE:SAND is currently trading at $0.39, which represents a 37% decrease from our previous analysis. If you followed our suggestion to short, we hope you earned significant profits. However, even if you didn't short, you still saved your money as it's now down by 37% from that level.
The impact of the SEC lawsuit has caused a substantial 45% decline in NYSE:SAND 's price.
Looking ahead, we anticipate a potential upward move before another leg down towards the $0.2-$0.150 range. Keep a close watch on the $0.380 support level. If it holds, we may witness an upward move towards $0.55 before the subsequent downward movement.
However, if the current support at $0.380 fails, we could see another significant drop.
Our expectation is that NYSE:SAND may reach the $0.2-$0.15 range by the end of this year, presenting excellent buying opportunities for long-term holders.
In the next bull run, we anticipate NYSE:SAND potentially hitting $10, representing nearly a 50x increase from the lower support area.
Please note that this analysis reflects our personal opinion and is not financial advice. We encourage you to conduct your own research before making any investment decisions.
Thank you.
Sandusdt
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities
In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions.
Headings:
Current State of #SAND/USDT: Bearish Trend and Recent News
Impact of Token Unlocking Schedule on NYSE:SAND Price
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
Key Support Levels and Target Zones for Buying Opportunities
Bull Scenario: Long-Term Potential and the Need to Break Resistance
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Conclusion: Conduct Thorough Research and Exercise Caution
Current State of SAND/USDT: Bearish Trend and Recent News
NYSE:SAND is currently trading at $0.515, displaying a bearish trend.
Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news.
Impact of Token Unlocking Schedule on NYSE:SAND Price
Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events.
The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside.
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023.
However, a short-term pump up to $0.7 is expected before a potential leg down.
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
The current expectation is a small pump in the short term, possibly reaching $0.7.
However, this would likely be followed by another downward movement.
Key Support Levels and Target Zones for Buying Opportunities
Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177.
Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible.
Bull Scenario: Long-Term Potential and the Need to Break Resistance
In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run.
However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize.
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Support Levels: $0.3785 and $0.177
Resistance Levels: $0.7 and $0.87
Conclusion: Conduct Thorough Research and Exercise Caution
This analysis provides insights into the current state and future projection of #SAND/USDT.
It is important to conduct thorough research and analysis before making any investment decisions.
The cryptocurrency market is highly volatile, and individual research is essential to make informed choices.
Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December
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SAND: Descending Triangle BreakoutSandbox (SAND) technical analysis:
Trade setup : Bullish breakout from Descending Triangle and above $0.60 (also 200-day MA) could signal a bullish trend reversal, with upside potential to $0.70-$0.80.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Most traders will take a position once the price action breaks through the bottom line of the triangle with increased volume, which is when the price should decline an amount equivalent to the widest section of the triangle.
Trend : Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.50, then $0.38. The nearest Resistance Zone is $0.75, then $1.00.
SAND Looks Ready to Breakout!Traders,
SAND is in prime position to move even higher than it already has these past few weeks. I haven't entered this trade yet but may soon pending these occurrences:
I want to see a move above the 200 day ma with confirmation
I want to see a break above the red descending TL
I want to see a move above the Ichimoku cloud
What we have:
A breakout of the triangle in Logarithmic View. Click the "Log" text in the bottom left corner of the chart to see this view.
What I don't like:
RSI nearing oversold
Let me know in the comments if/when you decide to enter this trade.
Stew
The Sandbox (SAND) formed bullish BAT | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of The Sandbox (SAND).
Previously I shared a long-term trade setup for SAND, which is still in play as below:
Now on a 2-hr time frame, SAND is about to complete a bullish BAT move for the bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
🔥SANDBOX CAN CHANGE IT'S TREND SOON: BE READY FOR IT!🔥Hi, friends! SANDBOX is only falling since the beginning of 2023. I think the seller's pressure will end after the squeeze to the trendline and its breakout.
We must enter our long trades before SAND skyrockets.
📊 TRADING PLAN FOR SAND:
🔥 volume growth during the false breakout
🔥 squeeze to the trendline
🔥 bullish BTC is a must-have for altcoins growth
✅ THE MAIN TARGETS FOR SAND:
1. $0.57-0.65 - the value area and strong resistance
2. $0.76-0.80 - the value area
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Analyzing the Price Trends of SAND Cryptocurrency SANDBOXThe growth of SAND cryptocurrency in the 2021 year has been nothing short of remarkable. In just 13 months (from 2020), the price of SAND rose from a humble 0.02$ to an impressive 8.00$. This meteoric rise has caught the attention of many investors, who are now scrambling to get in on the action. What is even more impressive is that this growth occurred after a time of great uncertainty in the world, as the COVID-19 pandemic was wreaking havoc on the global economy. Despite these challenges, SAND was able to grow exponentially, proving that its unique blend of gaming and blockchain technology is resonating with a wide range of people. As we look to the future, it's clear that SAND has the potential to continue its growth trajectory.
The SAND cryptocurrency experienced a significant price drop in 2022, with the token falling from its previous high of 8.00$ to just 0.37$. This decline took many investors by surprise, and many were left wondering what the future held for SAND. However, it's important to note that this price drop was not unique to SAND, as the entire cryptocurrency market experienced a bearish trend during this time. Despite this setback, the team behind SAND remained committed to the project, and continued to work on improving the platform and expanding its partnerships. In 2023, the price of SAND finally established a bottom, with the token hovering around the 0.37$ mark. While this is a significant drop from its previous highs, it's important to keep in mind that cryptocurrency markets follow same cycles over and over again.
Based on technical analysis of SAND's chart and its Fractal structure, it's possible that the token may experience a price increase in the coming months. The chart indicates that SAND has been consolidating in a range between 0.3$ and 0.8$ for several months, which could indicate a period of accumulation by investors. Additionally, there has been a recent uptick in trading volume, which may signal increased interest in the token. Based on these factors, it's possible that SAND could see a price increase in the spring or summer of 2023, with the token potentially reaching levels of 2.0$ to 2.56$.
SANDUSD long positionSANDUSD looks bullish.
Not the best entry now and kina difficult to setup the stop loss but the trend continuation is very likely now so if you wanna take a risk and long SAND, you can catch the uptrend continuation now.
Take profit levels / targets , stop loss are shown on the chart